July 21, 2011

IP Portfolio Management Nirvana

Inventors and patent holders are an elite group. Many take great pride in being the movers and shakers of tomorrow’s generations. Whether concocting a drug to slow the effects of Parkinson’s, devising safer gear for armed forces, finding new ways to transmit data securely and wirelessly, and so on – much of the future of our world emanates from today’s innovations.

It’s really no surprise then that these inventions are oftentimes meticulously maintained, to avoid missing critical maintenance dates or filing fees.

For all the patent holders out there, the job of intellectual asset management just got a lot easier – thanks to the introduction of the world’s first data validation functionality in Thomson IP Manager, the intellectual asset management software platform from Thomson IP Management Services.

Thomson IP Manager is now so smart that it automatically checks patent record information against the Thomson Reuters Global Patent Collection, covering more than 70 patent-issuing authorities, and indicates when there’s a discrepancy.

For patent-holding corporations, law firms, and individuals, this is nirvana.  The worrisome burden that accompanies portfolio management has just been significantly minimized – at least for those using Thomson IP Manager. This may decrease sales somewhat for sleep-inducing medications that previously helped IP portfolio managers catch some shut eye, but for everyone else, it’s pure bliss!

Read the news release to learn more.

July 29, 2010

The evolution of business method patenting

Editor’s note: Our Legal Current podcast on July 12, 2010 featured a segment on business method patents with attorney Bob Matthews, author of the Annotated Patent Digest, published by Thomson Reuters.

Bernard L. Bilski is certain to be a name that will long be remembered in patent history.

Mr. Bilski’s patent application relating to a method of managing risks between buyers and sellers in the energy market came under intense scrutiny from the U.S. Patent & Trademark Office regarding the requirement that business method patents have some form of “machine or transformation” as a condition of patentability.

The application, which involved the evaluation of historical costs, weather data, economic information and statistics to predict energy prices and availability, was consecutively rejected by the initial patent examiner at the USPTO, the Board of Patent Appeals and then the United States Court of Appeals on the condition that it did not use a particular machine or apparatus as part of its process, nor did it transform a “thing” into something different. (more…)

May 19, 2010

What is open innovation?

I attended a World Research Group (WRG) conference in New York with IP corporate counsel.

The topic “Open Innovation” was on the agenda, featuring a panel with the senior corporate counsel from SAS, open innovation director from GSK, and an independent consultant.

The moderator started the session by asking how many people in the audience engaged in open innovation in their companies. No one raised their hands. This was very surprising to me. (more…)

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